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‘Oyo State Major Gateway Into Nigeria’s Thriving Economy’ – Makinde Declares At London Business Summit

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Oyo State Governor, Seyi Makinde, Friday, hosted key players in international private sector, including Chief Executive Officers (CEOs) of conglomerates, members of the diplomatic corps and other stakeholders in the investment community at the maiden Oyo State International Business Summit (OYSIBS) 2023 in London.

The dinner was organized by the Oyo State Government to showcase the numerous investment opportunities in Oyo State and galvanize private capital to boost the state’s economy, accelerate productivity and engender sustainable growth and development.

Cross-section of some OYSG officials at the summit
Some Oyo State monarchs in London
Makinde and wife, Tamunominini
Makinde, others in London

In his presentation at the event in London titled, “Your All Access Card to Sustainable Investments in Oyo State – Follow the Data,” Governor Makinde talked about how the data from Oyo State shows that the state is the gateway into Nigeria’s thriving economy.

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Thus, Makinde discussed the investment opportunities in Oyo State in the Agribusiness, Solid Minerals, Sustainable Energy, Tourism and Infrastructure sectors.

Governor Makinde at London, said that rather than wait for Nigeria in the wake of economic uncertainties, the state has decided to step up and do things differently.

He said the state government, in search of solutions, decided to take business opportunities to London, to increase the economic capital of its people.

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Governor Makinde told the London audience that Oyo State Government intends to tap into its rich cultural heritage; explore its unique ecology to drive agricultural development; focus on exploiting technology; building on tourism assets and leveraging its locational advantage to drive growth.

Earlier, Makinde visited the CEO, the London Chamber of Commerce and Industry, Mr Richard Burge and his team, as part of our pre-summit activities.

Makinde in London
Makinde with the CEO, London Chamber of Commerce and Industry, Mr Richard Burge

He spoke about investment opportunities in Oyo State and how Oyo State can benefit from their ongoing activities around the African Continental Free Trade Area (AfCFTA).

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“Ibadan is part of the Lagos, Ibadan and Cotonou city cluster, which is the second largest in Africa and thus a big market for investors and so, we look forward to this collaboration”, he said.


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